Wall Street Zen Downgrades Entergy (NYSE:ETR) to Sell

Entergy (NYSE:ETR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their target price on Entergy from $129.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. UBS Group reissued a “buy” rating and issued a $135.00 price target (up from $131.00) on shares of Entergy in a report on Thursday, April 30th. Truist Financial set a $127.00 price objective on shares of Entergy and gave the stock a “buy” rating in a research report on Friday, May 29th. Mizuho set a $122.00 price objective on shares of Entergy and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, Evercore set a $123.00 target price on shares of Entergy in a research report on Wednesday, June 10th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Entergy presently has an average rating of “Moderate Buy” and a consensus price target of $121.05.

Entergy Trading Down 1.6%

ETR stock opened at $105.45 on Friday. Entergy has a 52-week low of $86.40 and a 52-week high of $118.44. The company has a quick ratio of 0.70, a current ratio of 0.91 and a debt-to-equity ratio of 1.73. The firm has a market cap of $49.21 billion, a P/E ratio of 27.04, a PEG ratio of 1.83 and a beta of 0.50. The company’s 50-day simple moving average is $111.96 and its 200-day simple moving average is $108.91.

Entergy (NYSE:ETR) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.49 billion. Entergy had a return on equity of 10.53% and a net margin of 13.40%.During the same quarter in the previous year, the business earned $1.05 EPS. Entergy has set its FY 2026 guidance at 4.250-4.450 EPS. As a group, equities analysts forecast that Entergy will post 4.4 EPS for the current fiscal year.

Insider Transactions at Entergy

In other Entergy news, insider Haley Fisackerly sold 10,638 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $110.00, for a total value of $1,170,180.00. Following the transaction, the insider directly owned 14,182 shares of the company’s stock, valued at $1,560,020. This trade represents a 42.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ralph Lewis Ropp bought 1,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of $106.08 per share, for a total transaction of $106,080.00. Following the completion of the acquisition, the director owned 3,423 shares in the company, valued at approximately $363,111.84. The trade was a 41.27% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Entergy

Large investors have recently added to or reduced their stakes in the stock. Northcape Wealth Management LLC acquired a new stake in shares of Entergy in the 2nd quarter worth $214,000. Csenge Advisory Group acquired a new position in shares of Entergy during the 2nd quarter valued at about $1,043,000. Shepherd Financial Partners LLC purchased a new stake in shares of Entergy in the second quarter valued at about $1,780,000. Johnson Financial Group Inc. purchased a new stake in shares of Entergy in the second quarter valued at about $843,000. Finally, NewEdge Wealth LLC acquired a new stake in Entergy during the second quarter worth about $1,110,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

About Entergy

Entergy Corporation (NYSE:ETR) is an integrated energy company headquartered in New Orleans, Louisiana, that generates, transmits and distributes electricity. The company’s operations combine regulated utility services with competitive power production, supplying retail electricity to residential, commercial and industrial customers while also participating in wholesale energy markets. Entergy’s generation fleet includes nuclear, natural gas, hydropower and other resources, and it operates a network of transmission and distribution assets to deliver power to end users.

Entergy conducts its regulated utility business through state-based operating subsidiaries that serve customers across parts of Arkansas, Louisiana, Mississippi and southeast Texas.